Trump:
“Saudi Arabia pays cash.”
“No one fucks with a Biden” except Mohammed bin Salman.
"America's largest oil refinery is now fully owned by Saudi Arabia.
Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year.
Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America.
Aramco previously owned 50% of Port Arthur through a joint venture co-owned with Royal Dutch Shell (RDSA) called Motiva Enterprises.
But the two oil giants had a rocky relationship and reached a deal in March 2016 to separate their assets. Shell put out a statement on Monday confirming the "completion" of that break-up.
In addition to Port Arthur, Aramco is acquiring full ownership of 24 distribution terminals. Aramco also gets the exclusive right to sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland, the eastern half of Texas and the majority of Florida."
Saudis take 100% control of America's largest oil refinery
By Matt Egan May 1, 2017: 1:53 PM ET
"Trump continued with this line of thinking at a Monday press availability alongside Crown Prince Salman of Bahrain, claiming that the Saudis “spent $400 billion in our country over the last number of years,” giving them credit for “a million and a half jobs,” and then observing that “Saudi Arabia pays cash.”
MORE AT:
Trump’s weird ideas on the US-Saudi relationship, sort of explained
“Saudi Arabia pays cash.”
Matthew Yglesias. Sep 17, 2019, 1:10pm EDT
"Sen. Dick Durbin, the second-highest ranking Democrat in the Senate, had one of the more scathing reactions to OPEC’s announcement.
“From unanswered questions about 9/11 & the murder of Jamal Khashoggi, to conspiring w/ Putin to punish the US w/ higher oil prices, the royal Saudi family has never been a trustworthy ally of our nation. It’s time for our foreign policy to imagine a world without their alliance,” he tweeted Thursday.
By November, the Biden administration will have to decide whether to make another major concession to the prince. A U.S. court set that deadline for the U.S. to determine whether it will weigh in to agree or disagree with Prince Mohammed's lawyer that the prince has legal immunity from a lawsuit in U.S. federal court over the killing of Khashoggi.
Lawmakers are scheduled to be out of Washington until after the Nov. 8 midterm elections and when they return will be focused on funding federal agencies for the full fiscal year through September 2023. Prospects for a lame-duck Congress taking up the bill introduced by Malinowski and the two other lawmakers are slight.
Rising gas prices would be bad news for Democrats heading into the final stretch of the midterm elections, while Republicans remain eager to capitalize on the decades-high inflation and rising cost of living, with high gas prices a constant reminder as voters fill up their tanks."
MORE AT:
NBC
A Disappointment': Saudi Arabia Oil Production Cuts Slaps Down Biden's Outreach
The announcement comes three months after President Joe Biden fist bumped with Saudi Crown Prince Mohammed bin Salman during his trip to Saudi Arabia
By Ellen Knickmeyer, Chris Megerian and Kevin Freking • Published October 6, 2022
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